Customers that banked at SVB’s offshore tax heaven Cayman Islands branch had their funds (13.9 Billion) seized by the FDIC
They've been quite clear the Cayman accounts weren't covered…and why WOULD they be? FDIC is federal insurance…not foreign account insurance. pic.twitter.com/5xpgVRSdpf — NonnyLynda (@NonnyLynda) April 2, 2023 https://twitter.com/_/status/1658791388593389571 https://twitter.com/_/status/1658621262384730112 h/t inna